So, what happens over time as the pointy axle bearings wear? Smaller diameter will wear faster.
Some theories on why the LC trucks don't roll easily. 1) The axle hole is stamped in the truck, leaving a sharp edge that cuts into the axle a bit. 2) hole has worn down and matches the diameter of the axle now, providing greater bearing surface and more adhesion. 3) brass eyelets provide a smooth "hole" and brass to steel is "slipperier" than steel to steel.
Just some thoughts!